Tuesday, August 16, 2016

Fed Groundhog Day

Gee where have we seen this pattern before?

Whenever silver and gold start to run and the dollar comes under pressure, someone from the Fed will open their yap and mention the possibility of rate hikes.

The lemming traders, who not only do not study history but have a scant idea what the word means, fall for it every time.

Is it just coincidence that the Fed meeting minutes come out tomorrow?

So old. So, so old.

From Zerohedge:

US Dollar Jumps As Hawkish Dudley Says "September Is Possible.. Market Underpricing Rate Hikes"

"10Y yields are pretty low given the circumstances... the market is complacent about the need to gradually hike rates and the time for a rate hike is edging closer."

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